Tesla’s 40% Drop: Why Bears Say The Worst Is Yet to Come
The recent stock market drop has been a punishing time for the Magnificent Seven tech stocks, and the company hit worst by it has been Tesla (NASDAQ:TSLA).
Shares of the EV manufacturer are down by a jaw-dropping 40 percent in the last three months and 26 percent in the last month alone.
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Market Commentary: 53.4% of Money Manager’s Portfolio In Just 7 Stocks
Recently, I stumbled across a little-known New York investment manager, called Wall Street Access Asset Management. What intrigued me about their portfolio is that it holds about 25 positions, however 53.4% of the portfolio is concentrated in just the top 7 holdings.
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Market Commentary: Up 600% This Year, We Nailed It
On June 6, we featured IONQ. If you’re not familiar with it, IonQ is a quantum computing company that develops and operates trapped ion quantum computers.
The technology uses individual atoms as qubits, which are the basic units of information in a quantum computer. IonQ’s computers are designed to solve the world’s most complex problems,
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Market Commentary: Is Musk Making a Massive Mistake?
Tesla reported record profits and production in the second quarter of 2023, but its stock price fell 11%. The company’s revenue increased 47% year-over-year to almost $25 billion, and delivered just shy of 900,000 vehicles. However, Tesla’s gross margin fell by almost 7% points from 25% in the previous quarter, due to price cuts.
Tesla CEO Elon Musk said that the company is “
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Philip Morris Surges 75%, Is Its Smoke-Free Pivot a Game Changer?
Shares of cigarette giant Philip Morris (NYSE:PM) have advanced considerably over the last year. The tobacco stock, long looked at mostly for its high dividend yield, has surged by over 75% in the last 12 months and over 20% in the last 30 days alone.
Why has PM stock rallied so far,
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Read MoreThe Burst
Is Cava’s Rapid Expansion a Risky Overstretch?
CAVA has been growing like a weed, now sporting 341 locations across 25 states. While the pace of new openings slowed slightly this year with just 33 new restaurants in the first 28 weeks of 2024 compared to 43 in 2023, the management still reported a solid 32.6% year-over-year revenue increase, and generated $487 million.
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Read MoreThe Spotlight
Spotlight: Are You About To Lose A Fortune?
The turtle and hare game is so apt in investing. Why chase the fast bucks when slow and steady wins the race? Where investing gets tough is when the tortoise approach turns into a game of switcharoo, where you the investor gets the rug pulled on you. What am I talking about?
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Read MoreThe Daily
Making fortunes and letting it ride: 13 New Year investing resolutions
You can always be better.
A better family member. A better friend. A better human toward others. A healthier person. And, of course, a better investor.
Anyone that tells you they have the investing game all figured is, well, a dope. You can tell them that cold hard reality came from Brian Sozzi at Yahoo Finance — and feel free to send me their replies on X @BrianSozzi.
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